Economists acting as scientists make positive statements, while economists acting as policy advisers make normative statements.

Question

Quizplus · Accepted Answer

Positive statements are objective and fact-based, focusing on describing how the world is, which is what economists do when acting as scientists. Normative statements are subjective and value-based, focusing on how the world should be, which aligns with the role of economists when they act as policy advisers.

Economists Acting as Scientists Make Positive Statements, While Economists Acting